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Global investors against use of judicial anti-avoidance rule by tax officials
International investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. At a recent meeting, investors communicated their issues with the Central Board of Direct Taxes on this matter. The use of JAAR to deny relief on grandfathered shares contradicts prior regulations established by the CBDT. The standing of both GAAR and JAAR remains complex due to Supreme Court rulings.
Green star discovery: Why astronomers are calling this strange cosmic object a ‘zombie’ after it began consuming planetary debris
Astronomers have uncovered a remarkable white dwarf star named WD J1330+6435, situated 326 light-years away from our planet. This celestial body exhibits a striking green color, influenced by the elements present in its atmosphere, particularly sodium. This discovery broadens our perspective on the spectrum of colors that stellar remnants can possess, with the star affectionately dubbed a 'zombie star,' highlighting the intriguing afterlife saga of stars and their planetary systems.
Shafali, Mandhana shine as India beat Zimbabwe by 9 wickets to take unassailable 2-0 series lead
Opener Shafali Verma scored 55 runs in just 25 balls to lead India to victory over Zimbabwe. After choosing to bat first, Zimbabwe struggled and managed to score only 102 runs in their innings. India's bowlers performed well, restricting the opposition and taking key wickets at crucial moments. Shafali and Smriti Mandhana had a partnership of 96 runs for the first wicket, making the chase easier.
Waiver 60-day pause; Europe refused to sanction China, India over Russia oil, says US
The US announced a 60-day pause on sanctions against Russia to analyze the effects on the global economy. Officials clarified that no sanctions were lifted as part of the Graham Act. Secretary of State Marco Rubio emphasized the need for this evaluation amid geopolitical tensions. Critics from both parties expressed their discontent regarding Trump's decision to waive the sanctions.
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